Dow Jones is trading inside a Channel Up but lately finds itself on a pull back. This pull back is about to test the MA200 (1d) at the bottom of the pattern. The MA200 (1d) has been holding as Support since November 3rd 2023, so overall that makes it a buy opportunity. Trading Plan: 1. Buy on the current market price. Targets: 1. 46400 (the 1.382 Fibonacci...
EURUSD crossed above its MA200 (1d) and is headed for the top of the long term Channel Down. A rejection similar to September 2024 is highly likely (which pulled the price to the 1.382 Fib), especially since this week's rise has been huge and based solely on geopolitics. Trading Plan: 1. Sell on the current market price. Targets: 1. 1.000 (the 1.382 Fibonacci...
Gold is about to complete a Cup and Handle pattern on the (1h) time frame. The buy confirmation will be a break above Resistance (1). Trading Plan: 1. Buy after the break out happens. Targets: 1. 3030 (the 2.0 Fibonacci extension). Tips: 1. A Golden Cross (1h) has just been completed. Last time it happened was on January 2nd and was a strong buy signal. ...
BTCUSD is trading inside a Channel Down pattern, which almost hit today the MA200 (1d). The last time Bitcoin traded on this level was October 14th 2024. Technically, this is not just a short term Channel Down bottom buy signal but also a long term buy opportunity for the remainder of the Bull Cycle. Trading Plan: 1. Buy on the current market price. Targets: 1....
Nasdaq is trading inside a Channel Up in 2025 and today the price reached its bottom. At the same time it marginally crossed under the MA100 (1d), making today's low the best technical buy opportunity since January 27th. Trading Plan: 1. Buy on the current market price. Targets: 1. 22370 (+6.92% rise like the previous two bullish waves). Tips: 1. The RSI (4h)...
S&P500 is trading inside a Channel Up that just hit its MA200 (4h). This is a strong short term buy opportunity for the next bullish leg. Trading Plan: 1. Buy on the current market price. Targets: 1. 6200 (+3.29% rise like the previous bullish leg). Tips: 1. The RSI (4h) got oversold. The last 3 times this happened, the price immediately rebounded. Please...
Dow Jones hit today its MA200 (4h) and rebounded. This has come too close to the bottom of the Rectangle pattern that dominates the price action in the past 3 weeks. Trading Plan: 1. Buy on the current market price. 2. Buy again if the price closes above the Falling Resistance. Targets: 1. 44450 (MA50 4h and Falling Resistance). 2. 45000 (top of...
Bitcoin is trading inside a Channel Down and today the price almost hit its bottom. This is a similar buy signal with February 9th and 12th, when the price reversed to hit at least the 0.618 Fib. Trading Plan: 1. Buy on the current market price. Targets: 1. 96700 (the 0.618 Fib). Tips: 1. The RSI (4h) is oversold, which is always a strong technical condition...
USDCAD is trading inside a Channel Up. February's price action has so far been a strong rejection of the price near the Channel Up top with the price dropping even below the MA50 (1d). This is very similar to the last Channel Up Top on October 13th 2022, which first dropped to the 0.5 Fibonacci level and then bounced to the 0.236. Trading Plan: 1. Buy on the...
Ethereum is trading inside a Channel Up. Technically this is the bullish wave that aims for a higher high. The two before had an average target on the 1.236 Fibonacci. Trading Plan: 1. Buy on the current market price. Targets: 1. 2830 (under the 1.236 Fib). Tips: 1. The (1h) Golden Cross also favors a strong upward move. It's been two weeks since we last saw...
EURUSD is trading inside a Channel Up on the (1h) time frame and is currently testing Resistance (1). Trading Plan: 1. Buy if the price breaks above the Resistance. Targets: 1. 1.04870 (+1.12% like the prior bullish wave). Tips: 1. The RSI (1h) is trading sideways, supporting a buy low / sell high plan within the Channel Up. Please like, follow and comment!!
DOGEUSD is forming a support base straight after it breached but rebounded and closed over the MA200 (1d) on February 3rd. The pattern throughout this Bull Cycle is a Fibonacci Channel Up and the bottom also took place on the 0.236 Fib which was were the rallies of October 2023 and January 2024 started. Trading Plan: 1. Buy on the current market...
Nasdaq is trading inside a Triangle pattern, which rejected the price on its top today. As long as it holds, it is more likely to see a decline towards the 0.786 like both prior bearish legs. A cross above the Triangle though, will be a bullish break out targeting the 2.0 Fibonacci extension. Trading Plan: 1. Sell on the current market price. 2. Buy if the price...
Gold is trading inside a (30m) Channel Up. At the moment it has already topped and is on its bearish wave. The last one hit the 0.382 Fib and then rebounded. Trading Plan: 1. Buy on the 0.382 Fibonacci level and as long as the MA100 (30m) holds. Targets: 1. 2940 (-0.786 Fib like the last High). Tips: 1. The RSI (30m) will also give a buy signal at 40.00. You...
GBPJPY is trading inside a Triangle pattern with the price starting a rebound yesterday on its bottom. A crossing over the MA200 (4h) confirms the bullish extension. The previous bullish wave surpassed the 0.786 Fibonacci to price a High at the top. Trading Plan: 1. Buy on the current market price. Targets: 1. 196.900 (0.786 Fib). Tips: 1. The RSI (4h) is on...
GBPUSD is trading inside a Channel Down and the price is testing its top again for the 4th time in 1 week. This looks to us like December 17th, a rejection on the 0.5 Fib and MA200 (4h) that initiated a drop to the 1.5 Fib extension. Trading Plan: 1. Sell on the current market price. Targets: 1. 1.2110 (the 1.5 Fibonacci extension). Tips: 1. The RSI (4h) of the...
Gold is trading inside a Channel Up for the entire month of January. This pattern has so far given 4 corrections/bearish waves, all of which hit their 0.5 Fibonacci retracement level. Given that the price got rejected today at the top of the pattern, we anticipate that the new technical correction has started. Trading Plan: 1. Sell on the current market...
The S&P500 index is trading inside a Channel Up on the (1h) time frame. A (1h) Golden Cross was just formed and the whole pattern draws comparisons with November's (2024) Channel Up. Both started with a +6% rise that pulled back to the 0.5 Fibonacci level, which in turn initiated the Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 6200...